Both the production management and financial management of a rural or farm business is studied in this course. The course emphasizes the skills needed to manage a profitable business including analysis of financial statements, record keeping, key production management areas, leadership and decision-making skills. The relationship between good management performance and financial success will be stressed. Basic management processes, financial records, and analysis required to manage a farm or rural business will be studied. The course emphasizes the skills needed to understand, analyze and operate a profitable business. Aspects and functions of management and types of decision making will be introduced. Acquiring organizing financial management information will be the primary emphasis of the course including constructing and analyzing financial statements and pertinent productions information. The importance of financial management to the success of the business will be stressed.